SIS completes CB

A weak tech sector fails to deter the Taiwanese chipset manufacturer.

ING Barings completed a slightly scaled down $80 million transaction for Silicon Integrated Systems SIS yesterday Thursday after offering a deal with high equity sensitivity. Marking the company's debut in the international capital markets, the deal's low conversion premium and multiple re-sets were designed to appeal to investors who believe the tech sector will turnaround at some point later this year.

The deal follows the cancellation of a prospective ADR via Bear Stearns and stands out from recent Taiwanese deals...